In fact, Nvidia CEO Jensen Huang believes AI infrastructure spending will top $1 trillion over the next five years, and his company is likely to be the biggest winner because it has a dominant market share in the GPU space.

Huang, 61, is the world’s 11th-richest person with an estimated net worth of $116.2 billion, according to Forbes’ Real-Time Billionaires List. Huang’s fortune has increased by about $102 billion since 2019, when he was ranked the 546th-richest.

Nvidia SVP Jeff Fisher has taken over the presenting duties at CES since Huang introduced the RTX 2060 more than five years ago. Fisher has unveiled

Nvidia (NASDAQ: NVDA) stock has rocketed higher, climbing 2,600% over five years, as the company took the world of artificial intelligence (AI) by storm. This tech player holds 80% of the AI chip market and has expanded into a wide variety of AI products and services to serve just about every need of a customer building an AI platform.

The head of the chipmaker and investor favorite said in an interview on CNBC Wednesday that demand for the company's AI chips is "insane."

Nvidia's CEO will host the company's official CES keynote on January 6, 2025. Keep reading to find out the expected announcements.

Nvidia’s (NVDA) next-generation artificial intelligence chip is in full production, and demand for it is “insane,” according to CEO Jensen Huang.

"Blackwell is in full production, Blackwell is as planned," Jensen Huang said. "Everybody wants to have the most and everybody wants to be first."

Nvidia’s latest move higher comes as AI server makers Super Micro Computer and Hon Hai tout continued demand for AI hardware. Even the CEO of Microsoft is boasting on social media about how quickly his company is adopting Nvidia’s latest chips.